Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,059,618. I'd recommend coming to market at $1,200,000 to $1,202,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in LA VENTANA, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 111 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2012, this home is 5 years newer than the average comp, which is reflected in the adjustments. The active market in LA VENTANA includes 5 comparable homes priced from $975,000 to $1,499,000. The trend in LA VENTANA shows prices have fallen 12.2% in the past 6 months. 545 Ranchers Club LN, Driftwood TX 78619 nearby adjusts to $1,125,829; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
